66 annotations
ongoing significant subscriber growth in YouTube TV and YouTube Music Premium
google other driven by youtrube
Transcript
2023 Q1
16 May 23
And I would contrast that last quarter, we talked about both a pullback in YouTube and network, and we were pleased that we saw the stabilization in ad spend on a sequential basis in YouTube. We still saw ongoing pullback in network, which tends to be a mix of businesses, as you know well.
youtubr stabilizing
Transcript
2023 Q1
16 May 23
why they shouldn’t be sustainably profitable kind of starting from here as the business continues to scale, or could it be that, that profitability could be wobbly for a while before it’s sustainably profitable that segment cloud? Thank you
Google cloud earnings trajectory?
Transcript
2023 Q1
16 May 23
So, how do you feel about Alphabet’s ability to maintain the unit economics with these partnerships in light of Microsoft’s ambitions to increase its share of paid Search? And Ruth, does this have any impact on your outlook for profitability of overall Alphabet over the long-term? Thank you.
microsoft trying to gtrab search share?
Transcript
2023 Q1
16 May 23
nd I tried to point out that we’re expecting a step-up in the second quarter, and that will continue to increase throughout the year. And as we discussed last quarter, AI is a key component. It underlies everything that we do, and we’re continuing to invest in support of AI, support of our users, advertisers and our Cloud customers, since we are commenting on here. And then as we talked about last quarter, the increase in CapEx for the full year 2023 reflects the sizable increase in technical infrastructure investment, on the flip side,
tamp in capex to ref;ect tech investment, but office facilities declining
Transcript
2023 Q1
16 May 23
Finally, as it relates to CapEx, for 2023, we now expect total CapEx to be modestly higher than in 2022.
As discussed last quarter, CapEx this year will include a meaningful increase in technical infrastructure versus a decline in office facilities.
We expect the pace of investment in both data center construction and servers to step up in the second quarter and continue to increase throughout the year.
capex/data center
Transcript
2023 Q1
16 May 23
With respect to Google Services, within advertising, Q1 results reflect the resilience of search with its unique ability to surface demand and deliver measurable ROI.
Excluding the impact of foreign exchange, the revenue growth of search was similar to last quarter. In YouTube, we saw signs of stabilization in ad spend on a sequential basis.
search good, youtube weaker
Transcript
2023 Q1
16 May 23
Google Cloud segment. Revenues were $7.5 billion for the quarter, up 28%. Growth in GCP remained strong across geographies, industries and products. Google Workspace’s strong results were driven by increases in both seats and average revenue per seat. Google Cloud had operating income of $191 million, and the operating margin was 2.6%.
Goog;e cloud
Transcript
2023 Q1
16 May 23
For the first quarter, our consolidated revenues were $69.8 billion, up 3% or up 6% in constant currency. Search remained the largest contributor to revenue growth on a constant currency basis.
con rec up 6% cc
Transcript
2023 Q1
16 May 23
Number four, shopping on YouTube. It’s still super early days. One highlight. Last year, we brought shopping to more creators and brands by partnering with commerce platforms like Shopify.
Now more than 100,000 creators, artists and brands have connected their own stores to their YouTube channels to sell their products.
shopping on youtube
Transcript
2023 Q1
16 May 23
YouTube.
3. youtube
Transcript
2023 Q1
16 May 23
retail,
2. Retail
Transcript
2023 Q1
16 May 23
Google AI
1. Goobl;e AI
Transcript
2023 Q1
16 May 23
o then unlock Core Search further and maximize conversions across all of Google, we’re actively helping more advertisers pair together with Performance Max. Advertisers who use PMax are, on average, achieving over 18% more conversions at a similar CPA. This is up 5 points in just 14 months, thanks to advances in the AI underlying bidding, creatives, search query matching and new formats like YouTube Shorts.
using AI to improve customrer performance
Transcript
2023 Q1
16 May 23
Google Services revenue of $62 billion were up 1% year-on-year, including the effect of a modest foreign exchange headwind.
google servioces revenue up 1%
Transcript
2023 Q1
16 May 23
GCP’s annual deal volume has grown nearly 500%, with large deals over $250 million growing more than 300%. Nearly 60% of the world’s 1,000 largest companies are Google Cloud customers, and many leading start-ups and millions of small and medium enterprises use Google Cloud.
growing large deals in GC
Transcript
2023 Q1
16 May 23
On Cloud, we continue to be on a long and exciting journey to build that business. Cloud delivered profitability this quarter and we remain focused on long-term value creation here.
cloud now profitable
Transcript
2023 Q1
16 May 23
beyond our advertising business, we have strong momentum in Cloud, YouTube subscriptions and hardware
(No comment added)
Transcript
2022 Q4
6 Feb 23
advertisers are carefully evaluating the effectiveness of their budgets
(No comment added)
Transcript
2022 Q3
3 Feb 23
in financial services, we saw a pullback in the insurance, loan, mortgage and crypto subcategories.
(No comment added)
Transcript
2022 Q3
3 Feb 23